AR and VR are both solutions looking for problems today. The technology is already there for a killer app but no one has figured out what it is yet.
I think AR/VR is that it's being used like film was in the early 20th century. There are obvious technical challenges to overcome, but what it lacks is an industry of creators and auteurs to define new forms of art. The mistake is that the revolution will be driven by artists working out of garages and warehouses, not VC funded startups that only focus on technical challenges trying to corner the markets.
I think AR/VR is that it's being used like film was in the early 20th century. There are obvious technical challenges to overcome, but what it lacks is an industry of creators and auteurs to define new forms of art. The mistake is that the revolution will be driven by artists working out of garages and warehouses, not VC funded startups that only focus on technical challenges trying to corner the markets.